I am a little confused by this issue?
Is this just an undisclosed amount of money that they had lying around from the seventies?
I assume that they cant continue to add to this fund. If people can still donate to it and not disclose then this is an issue. If this is just money that had no disclosure associated with it in the seventies and has been allowed to collect interest then why is it in an issue. It appears they have to disclose when ever they use the fund either removing money or borrowing against it so all benefits are disclosed.
As far as I can tell the PCs were a rich party in the seventies and had a bunch of money which they recieved prior to disclosure rules. So disclosure rules are added and the PCs have to do something with this money. They probably cant legally state where it came from without violating the privacy of the doner. So they could move it into general funds and it would be able to be used without anykind of oversight or it could be put into a fund where if it is used in any manner it is disclosed by the party. So provided that no new contributions are added to the trust as the PC party has said I see no issue.
This reeks of opportunism, where has this story been in the last 40 years. Everytime the fund is used it is disclosed so this information has been out there. To resolve this issue I think the PCs should disolve this trust and just put it into their general revenues. I suspect the opposition would object to this as it woukd give the PCs access to more money then they have no.
Edit: It appears the wild rose have known about the trust since 2012.
Last edited by GGG; 04-02-2014 at 11:57 PM.
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